Gotham Asset Management LLC Sells 913 Shares of Intapp, Inc. (NASDAQ:INTA)

Gotham Asset Management LLC decreased its holdings in Intapp, Inc. (NASDAQ:INTA) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,936 shares of the company’s stock after selling 913 shares during the period. Gotham Asset Management LLC’s holdings in Intapp were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares during the last quarter. Capital World Investors boosted its stake in shares of Intapp by 30.3% in the 4th quarter. Capital World Investors now owns 1,701,939 shares of the company’s stock worth $109,077,000 after buying an additional 395,804 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Intapp by 4.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company’s stock worth $106,060,000 after buying an additional 63,443 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Intapp by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company’s stock worth $79,953,000 after buying an additional 196,010 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Intapp Stock Down 0.3%

Shares of Intapp stock opened at $57.12 on Wednesday. Intapp, Inc. has a 52 week low of $31.08 and a 52 week high of $77.74. The stock’s 50-day simple moving average is $55.92 and its 200-day simple moving average is $61.93. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -196.96 and a beta of 0.84.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The firm had revenue of $129.07 million for the quarter, compared to analysts’ expectations of $128.84 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Transactions at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $374,779.35. Following the sale, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at $2,684,094.68. The trade was a 12.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michele Murgel sold 7,531 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now directly owns 223,945 shares in the company, valued at $15,414,134.35. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,755 shares of company stock valued at $17,372,011. 13.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup restated a “neutral” rating on shares of Intapp in a research note on Monday, April 21st. Piper Sandler dropped their price target on Intapp from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus dropped their price target on Intapp from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Barclays lowered their target price on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, UBS Group lowered their target price on Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.89.

Intapp Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.